Ashoka Buildcon Limited (NSE: ASHOKA)

ASHOKA Technical Analysis

1.5

As on
24th May 2018 ASHOKA Share Price closed @
255.75 and we RECOMMENDBuy
for LONG-TERM with Stoploss of
221.70 &
Sell for SHORT-TERM with Stoploss of
257.01
we also expect STOCK to react on Following IMPORTANT LEVELS.

Ashoka Buildcon is in the Construction sector. The company was originated in 1976. In April 2010, the Government of Maharashtra issued us a letter of allotment for the company to build, own and operate a 1,500 KW per hour hydro electric power plant in Waghur, Maharashtra on approximatley 5,000 sq. metres of land currently owned by the Government of Maharashtra.
In March 2010, they were awarded a CIDC Vishwakarma Award 2010 in the category of ‘Best Professionally Managed Company’ with an annual turnover more than Rs. 5,000 million.
The current market capitalisation stands at Rs 779.50 crore.The company has reported a consolidated sales of Rs 298.96 crore and a Net Profit of Rs 9.99 crore for the quarter ended Sep 2013.
The company management includes Ashok M Katariya - Chairman, Satish D Parakh - Managing Director, Sanjay P Londhe - Whole Time Director, Michael Pinto - Director, Sharadchandra Abhyankar - Director, S G Shyam Sundar - Director, Albert Tauro - Director, Gyan Chand Daga - Director.
It is listed on the BSE with a BSE Code of 533271 and the NSE with an NSE Code of ASHOKA.
Its Registered office is at Survey No. 861, Ashoka House,,Ashoka Marg, Nasik,Maharashtra - 422011.

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